Evening star. [volume] (Washington, D.C.) 1854-1972, 1887-05-13
MIR. SAGE CONTINUES.
He Has a Quiet Little Tiff with Com
missioner Anderson.

ne mas a quiet Little TIL Win COme
missioner Anderson.
New YORK, May lathe session Of the Pacific
Railway Commission was resumed to-day, with
Russell Sage on the stand He testified as follows:
For my sixth interest in the St. Louis pool secur-
tiles paid $500, go don't remember that any
paper was shown the showing the statement Of the
Gould had fve-sixths OF the pool but under
stand that he parted with portion OF his inter-
est, how much or to whom DO not remember.
While MI. Gould was in Europe he purchased OF 9
Dutch syndicate large amount Of bonds ana
stock, OF which took at cost fourteen bonds OF
Organization bonds for 100000. on the 1st OF
January, 1880, owned 8,S77 shares Of the Kansas
Pacific stock and Il 200 shares Of the Union
sas Pacific consolidated bonds, S1S1, 900 in st.
Joseph and Pacific, S115, 800 Kansas and Nebraska,
and So, 900 in Denver and Boulder Valley.
ana Nebraska In open market. think that some
Of these bonds were exchanged for consolidated
TN Kansas and Nebraska and St. Joseph and West.
ern. don't know how much OF an interest he had
In THIS now large holder BE- Yves in Kanas Pa
acquired these securities by purchase, as other
people do. don't know what he paid for them.
You can find that out very readily by putting him
Commissioner Anderson commenced to quote
"Sufficient unto the day." when Nil. Sage inter-
Ike myself
HE ATTENDS 10 HIS OWN BUSINESS.
do not know why Mr.. Gould resigned as q
director prior to the consolidation. do not ques-
ton his motives; am not in the habit Of guessing
peoples motives. II he resigned because OF his
ton, don't know. 1t might have been a reason.
He became director afterwaru. don't know
that presented Mr.. Gould's resignation as q
consolidation"
The minutes OF the meeting Of the directors on
that occasion were read, and Nj. Sage remembered
1tonn NJ In Snva1Ao voc{rr
nation. The resignation was dated January 10.
81 presume MI. Gould requested me to make the
that Mr.. Gould was made a director on that same
day after the consolidation. He remained hard
working and interested member OF the board for q
Number OF years afterward.
II know Scion Humphrte, connected with the
firm OF F. D. Morgan & Co. He has large railroad
interests, and has been connected in business
N. Dodge, and wrote letter to both Of them In IN
OCTOBER 1879 with reference to the value Of prop
erty in the West and desirableness Of Investments
Ct the e RaaS and TX
Pacific"
The question Of the figures in the report OF
to
an attempt to prove that Jay Gould and Sidney
Dillon knew on Januard 16, just what appoint
Judge Dillon, Mr. Sage being unable to give the in
formation. Judge Dillon said that he thought
that he knew OF It but day or two before or per-
the examination Of Mr.. Sage was continued
with reference 10 the details Of the consolidated
meeting OF which he remembered very little,
though they made a majority OF the motions.
He was asked with reference to the whereabouts
OF Government Director Chadwick, who opposed
the consolidation, and when the commission was
informed that he was dead, the statement ell
cited from Commissioner Little.
THE GOOD DIE YOUNG.
The witness was questioned with reference to
the resignation Of Jay Gould as director OF the
Union Pacific at the consolidation meeting, as he
was with reference to similar resignation In the
Kansas Pacific meeting, but nothing more def-
mite was elected concerning Mr.. Gould's motives.
When asked II Mr.. Gould did not ask him the day
previous to move the acceptance OF his resigns
ton, the witness said:
"Mr. could is not In the habit Of telling me OF
the doing OF anything until 1t is done" Con.
tinuing he testified, Il knew that the Kansas PACT
fc COMPANY had been considering the desirability
Of the st. Joseph and western, Kansas l ana
Nebraska, st. Joseph Bridge, &C at
OF these I understood to be Furnished. by Jay
Gould, but ! don't know that he resigned as q
director to make this sale. I consider that this
action was most desirable, even so Tar as my trus-
teeship Of the consolidated mortgage was con-
cerned, and experience has praven this to be So"
Witness was OF the opinion that these securities,
exchanged tor consolidated bonds or stocks Of the
Kansas Pacific at par were owned by different par
ties but the record OF Controller Mink the Union
Pacific states that they were all sold by Mr. Gould,
but Mr.. Sage thought that Mr.. Gould represented
great many holders in the deal as the Securities
were largely and widely dealt In.